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#1
07-05-2009, 06:18 AM
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You would have to be crazy to send a consignment to Legendary Auctions, at least as one of the "little guys". Perhaps the big guys will still be able to do so and Legendary will stay afloat. I don't see them recognizing great prices, however.
I find it strange that the President of a grading company would be actively purchasing massive amounts of collectibles that he couldn't afford. Was it an addiction? It doesn't make any rational sense. I am sure they did engage in shill bidding, but it might be hard to prove. All in all, it is really sad that it is the "little guys" who did not get paid, as they need the money more than anyone else. Mastro/Legendary is toast. I'm not sure I'd even risk buying from them since they do not seem honest. Will stick to Mile High, SCP, Mem Lane, REA, Goodwin, etc. 
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#3
07-05-2009, 07:06 AM
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Quote:
I think he does.
__________________
Sign up & receive my autograph price list. E mail me,richsprt@aol.com, with your e mail. Sports,entertainment,history. - Here is a link to my online store. Many items for sale. 10% disc. for 54 members. E mail me first. www.bonanza.com/booths/richsports -- "I have never killed a man, but I have read many obituaries with great pleasure."- Clarence Darrow
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#4
07-05-2009, 07:18 AM
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In my opinion this article points out that if Dave Foreman had paid even part of his debt many consignors could be taken care of. Makes me wonder if there is any facet of the hobby that is not tainted.
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#6
07-05-2009, 07:12 AM
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I don't think this could possibly get more interesting.
And if, as Doug says, they did everything legally and the obligations of Mastro remain with Mastro, then why is he still involved in making arrangements and trying to pay off Mastro consignors and saying that Legendary wanted to get the Mastro business wrapped up as quickly as they could? Which is it? If the debts are legally not Legendary's, as they claim, then why the ongoing involvement in those payments? Go back to Adam's post above about personal liability. That's the only context in which this makes sense. J
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